3063 NEVERLAND DriveNew Smyrna BeachFL32168
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Smyrna Beach at 3063 NEVERLAND Drive, New Smyrna Beach, FL, 32168 generates $2,636/mo in rent, after a $1,835/mo payment. Total monthly income is $2,636/mo. Return on cash invested sits at 19.55% in year one, and rental yield is 8.44% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 102.15% and total cumulative return in cash sums $126,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,636/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,098 sqft lot
$N/A/sqft
$675 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32168, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 12,739 (69.4%) |
| Renter Occupied HU | 3,324 (18.1%) |
| Vacant Housing Units | 2,304 (12.5%) |
| Median Home Value | $445,255 |
| Average Home Value | $493,608 |
Housing Distribution
Address Breakdown
Residential
16,555
Single Family
15,194
Multi-Family
1,361
Businesses
831
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Listed by: CHRISTINE SCALF • CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
Mls Name: realMLS
Mls Provider:
Mls ID: #2119250
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.